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Pahranagat
Valley
Federal Credit Union
Loan
Department
Come
on in and meet the Loan Staff. Sherri Steele is our main Loan Officer. Sharon Marich and Robin Simmers are our
Assistant Loan Officers. Please don't hesitate to ask any of them about your loans or how
to apply for a loan.
School
Loans - $5000.00 for
48 months at 8.5% without a cosigner and $10000 for
72 months at 8.5% with a cosigner- must be used for school and have
receipts. Must meet credit unions requirements
Loan Rates -
Please click this link to view our loan rates, available insurance and loan fee's.
How do I apply for a Loan? What
paperwork is needed? When will I know if we are approved?
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Please come in an get a loan application. |
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Have it filled out completely and signed. |
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You will need a copy of your check stubs
showing your income and a copy of your most current income tax return. |
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Most loans are approved in 24 Hrs. |
What criteria must be met to qualify for a
loan?
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A credit Report will be pulled on the
individual applying for a loan and on the spouse of an individual applying
for a loan if married. |
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Loans will be made to members based upon
their abilities to pay back the loan and their credit standings. |
| Maximum loan amount is $60,000.00 per
member account and no more than five loans. |
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The following combined considerations will
determine the approval or disapproval of any loan applications - Good Credit
Report; Previous loans with the Credit Union paid off on time; Debt ration below 50%. |
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A co-maker may be required when the
co-makers worthiness would strengthen loan approval to the applicant.
Co-makers are not limited to family members. |
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No member can be a co-maker on more than 2
loans at one time. |
How will I know if you will loan the amount I
need for the vehicle I am buying?
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Come in and tell us the year, make, model
and all options that are on the vehicle. |
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We will need to know what size engine and
how many miles are on the vehicle. |
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From this information we will pull the
high/low average to see what we can loan. |
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We loan 100% on brand new vehicles and 90%
of the high/low average on a used vehicle. |
What kind of things does the Credit Union loan
on?
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New and Used Vehicles |
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Machinery and Equipment |
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Livestock |
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Agricultural Equipment |
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Recreational Vehicles |
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Metal Buildings |
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Motor Homes and Travel Trailers |
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Mobile Homes - not converted to real
property |
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Boats |
What other kinds of loans are there?
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School loans |
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Share loans |
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Signature loans |
Contact the Webmaster
with
any and all questions or comments. This page was updated on
January 12, 2007 | 
